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Horizon Capital Increases Stake in Datagroup (CEE and CIS)
Horizon Capital, a private equity fund manager that focuses on investments in mid-cap companies in the CEE and CIS region, has increased its holding in Ukraine-based telecommunications operator Datagroup from a minority stake to 70 percent. Following completion of the transaction, Horizon Capital has assumed operational control of the company. Financial details of the transaction were not disclosed. Read More
Permira Invests BRL500 Million in Brazil-based Software Company Mutant (Latin America)
Global private equity firm Permira and venture capital firm Technology Crossover Ventures have agreed to invest in Mutant, a Brazil-based provider of software and services to call centers, in a deal reportedly valued at BRL500 million (approximately US$153 million). The deal comes as Mutant is spinning out from its parent company, Genesys Prime, the Brazil-based arm of U.S.-based call center… Read More
African Capital Alliance Closes CAPE IV with US$570 m in Capital Commitments (Sub-Saharan Africa)
West Africa-focused private equity firm African Capital Alliance (ACA) has reached a final close for Capital Alliance Private Equity IV (CAPE IV) with US$570 million in capital commitments. Investors in the fund include public and private pension funds, sovereign wealth funds, funds of funds and development finance institutions. ACA plans to invest the fund in the business services, energy, fast-moving… Read More
Enterprise Investors Sells Scitec Nutrition to Ascendis Health (CEE and CIS)
Central and Eastern Europe-focused private equity firm Enterprise Investors, together with minority shareholders including Morgan Stanley Alternative Investment Partners, has completed the sale of a 100 percent stake in Hungary-based sports nutrition company Scitec Nutrition to South Africa-based health and care brands company Ascendis Health for EUR170 million (approximately US$192 million). Enterprise Investors originally invested in the company in 2012… Read More
UFG Private Equity Invests in Russia-based E-COM (CEE and CIS)
UFG Private Equity, the buyout and growth capital arm of Russia-based alternative investment group UFG Asset Management, has acquired a minority stake in E-COM, a Russia-based provider of business process automation services in the retail sector. UFG invested from UFG Private Equity Fund III. E-COM intends to work with UFG to establish new lines of business. Financial details of the… Read More
SeaLink and IFC Complete INR1 Billion Series C Investment in NephroPlus (Asia)
MC Payment, a Singapore-based financial technology company, has raised SGD6 million (approximately US$4.4 million) in a Series B funding round led by Asia-focused private equity firm ESW Manage and private investment firm DZW Capital. Private equity firm Golden Equator Capital also participated in the round. MC Payments plans to use the new capital to finance its expansion into Australia and… Read More
Paragon Partners Invests INR1.1 Billion in Maini Precision Products (Asia)
India-focused private equity firm Paragon Partners has led an INR1.1 billion (approximately US$16.5 million) investment in India-based manufacturer and supplier of high-precision engineering components Maini Precision Products. Investors in Paragon’s fund also co-invested in the deal. The transaction included both a primary investment and a secondary component, which provided an exit to global private equity firm PineBridge Investments. Read More
CDH Sells Shares in WH Group and Closes CNY3.5 Billion Mezzanine Fund (Asia)
China-focused private equity firm CDH Investments has agreed to sell a 10.62 percent stake in China-based pork producer WH Group for approximately HKD9.3 billion (approximately US$1.2 billion) on the Hong Kong Stock Exchange. CDH continues to hold a 19.77 percent stake in the company. The firm sold 880 million shares to institutional investors, 292 million shares to a vehicle controlled… Read More
Alta Growth Capital Invests in Two Companies in Mexico (Latin America)
Mexico-focused private equity firm Alta Growth Capital has invested in two Mexico-based companies: Grupo Industrial Artes Graficas (AGH), a manufacturer of labels for consumer products packaging, and Grupo Bienestar (GEB), a fitness center operator. AGH plans to use the additional capital to fund an expansion of installed capacity in the company’s facilities; GEB also plans to use the new capital… Read More
Navis Capital Partners Acquires 20 Percent Stake in Alliance Cosmetics Group (Asia)
Southeast Asia-focused private equity firm Navis Capital Partners has acquired a 20 percent stake in Malaysia-backed make-up producer and distributor Alliance Cosmetics Group for MYR61.8 million (approximately US$15.4 million) from Malaysian government-backed private equity firm Ekuinas. In addition to its in-house trademark brand SilkyGirl, Alliance Cosmetics Group distributes global brands including Revlon and Wet n’ Wild in Malaysia, Singapore and… Read More
ChrysCapital Participates in INR3.64 Billion Pre-IPO Investment in RBL Bank; Existing PE-backers Exi
India-focused private equity firm ChrysCapital has participated in an INR3.64 billion (approximately US$54 million) pre-IPO investment in India-based lender RBL Bank. ChrysCapital invested INR190 million (approximately US$2.8 million). Other investors in the round included Azim Premji’s private investment arm PremjiInvest and Government Pension Fund Global, the Norwegian sovereign wealth fund. RBL Bank’s IPO was completed three days after ChrysCapital’s investment… Read More
TA Associates Invests in US$140 Million Financing Round for TCNS Clothing Company (Asia)
Global growth private equity firm TA Associates has invested in a US$140 million round for a reported 30 percent to 35 percent stake in India-based women’s apparel platform TCNS Clothing Company, allowing existing shareholder Matrix Partners to sell a 20 percent stake in the company. With TA Associates’ support, TCNS plans to expand into additional international markets. Read More